The Libyan government has signed a Memorandum of Understanding (MoU) with Italian multinational oil and gas firm Eni to advance the decarbonization of the country’s energy sector.
During a state visit to Italy, Prime Minister of Libya Abdul Hamid Dbeibeh signed a Memorandum of Understanding (MoU) that sets the stage for cooperation between Eni and Libya. The MoU focuses on collaborative efforts in research, technological development, and the establishment of business cases, all with the aim of reducing emissions within Libya’s energy sector.
Eni will help Libya accelerate the energy transition and sustainable development of its energy resources through cooperation on reducing routine gas flaring, fugitive emissions and venting as well as on decarbonization of hard-to-abate industries.
The partnership aims to meet the increasing local and export demand for gas while also assessing prospects for renewable energy and implementing energy efficiency measures. By combining their efforts, they strive to enhance both the energy supply and sustainability in the region.
Eni has been operating in Libya since 1959 and as the main gas producer in the north African country, accounted for 80% of the country’s 1.6 billion standard cubic feet per day production capacity in 2022.
